2021-6-10 00:37 |
Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency.
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President Nayib Bukele has announced that the country will be looking at mining BTC through the use of volcanos following the digital asset becoming legal tender in the country. The post El Salvador President Plans to Mine BTC Using Volcanoes appeared first on BeInCrypto.
2021-6-10 22:15 | |
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United Arab Emirates Digital Economy Minister Abdullah bin Tawk al-Marri said cryptocurrency and asset tokenization are key to the country’s plans to double its gross domestic product. This means that new crypto projects will appear in the Arab World in the near future, which will differ in manufacturability, reliability and, most importantly, in scale. One […]
2021-6-7 20:05 | |
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El Salvador is on the path to becoming the first country in the world to adopt Bitcoin (BTC) as legal tender alongside the US dollar. Nayib Bukele, the country’s president unveiled these plans through a video broadcast during the Bitcoin 2021 conference that was held in Miami’s Wynwood neighborhood.
2021-6-8 13:35 | |
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Crypto Legal Tender El Salvador is beginning efforts to accept bitcoin as legal tender — making it the first ever sovereign nation to do so. President Nayib Bukele announced that he would introduce legislation to accept the cryptocurrency as legal tender along with the US dollar, according to CNBC.
2021-6-8 18:57 | |
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United Arab Emirates Digital Economy Minister Abdullah bin Tawk al-Marri said cryptocurrency and asset tokenization are key to the country's plans to double its gross domestic product. This means thatThe post ARABIC CASH launches third and final round of Private Sale appeared first on AMBCrypto.
2021-6-4 08:30 | |
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Nigeria’s apex regulatory bank, The Central Bank of Nigeria (CBN), earlier this week hinted at its plans to create a digital Naira. Godwin Emefiele, the nation’s CBN Governor, made this disclosure at a Monetary Policy meeting held in Abuja, the country’s capital.
2021-5-30 21:43 | |
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South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system.
2021-5-15 05:00 | |
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Israel is the latest country to join the increasingly competitive CBDC race. Israel Plans to Launch Digital Shekel According to a report by Ledger Insights on May 12, the Bank of Israel recently released a working paper on a central bank digital currency (CBDC) that is intended as a basis for discussion and feedback. Notably,Read More
2021-5-12 13:01 | |
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George Residence in Lagos has announced plans to start accepting BTC payments. The company has already converted 50% of its balance sheet to Bitcoin.
2021-4-27 20:15 | |
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South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week.
2021-4-19 11:35 | |
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Thailand’s digital currency project is progressing swiftly and the Bank of Thailand, the country’s central bank, is readying to start pilot tests in the second quarter of 2022. Thailand’s CBDC will be retail; meaning it will be for use by the general public.
2021-4-3 21:54 | |
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An official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans.
2021-4-2 15:14 | |
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Ukraine's newly-nominated Finance Minister is in the news today after he put forward plans to regulate the country's domestic crypto-market. While the minister did express concerns with regard to doubThe post Cryptos are 'promising,' but not assets in their purest form, says Ukrainian Minister appeared first on AMBCrypto.
2021-3-30 20:30 | |
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Coinbase cryptocurrency exchange has announced via a March 25, 2021 blog post, that it’s hiring tech experts in India to man its office in the state. This comes at a time when regulatory clarity in the country’s crypto ecosystem is still absent.
2021-3-26 00:00 | |
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In a blog post, Coinbase announced that it plans to establish a business presence in India. The cryptocurrency exchange said it wants to carry out some customer support operations, software development, engineering, and IT services in the country.
2021-3-25 11:24 | |
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Haruhiko Kuroda, the Governor of the Bank of Japan (BOJ) has hinted that the country’s plans to conduct a central bank digital currency (CBDC) is still very much on course and experiments will begin this spring, according to a Reuters report on March 16, 2021.
2021-3-18 00:00 | |
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2021-3-15 17:50 | |
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Local reports from Russia indicate the country plans to complete its prototype for a digital ruble before the end of 2021. According to Prime, a financial news outlet, the central bank will launch pilot programs to test the CBDC in 2022 once the prototype is complete.
2021-3-14 18:41 | |
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Multiple Chinese are planning to underpin pilots of the country’s sovereign central bank digital currency dubbed Digital Currency Electronic Payment (DCEP). These plans are part of the cities’ government work plans for the year.
2021-1-27 09:19 | |
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Ecuadorian presidential candidate wants the country to join in the CBDC bandwagon. Making Ecuador Crypto-Friendly According to a recent report by Decrypt, Ecuadorian presidential candidate for 2021 and the current president of the Ecuadorian-Chilean Chamber of Mining, Geovanni Andrade, recently stated that he has plans to develop a national cryptocurrency to enable transactions within Ecuador.Read More
2021-1-18 16:00 | |
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Nexon Group, a multi-billion dollar gaming conglomerate based in South Korea, is reportedly preparing to acquire Bithumb, the country’s largest cryptocurrency exchange, for a price tag of close to $500 million.
2021-1-8 06:45 | |
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While Sweden’s central bank is exploring the possibilities of creating its proposed central bank digital currency (CBDC) known as the e-krona, bankers in the country do not seem thrilled about the idea, as they are worried that a CBDC could affect the banking system.
2021-1-7 16:00 | |
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South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange.
2021-1-7 13:13 | |
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The National Bank of the Kyrgyz Republic (NBKR) revealed its new-year plans for the national crypto industry. They are about to introduce two drafts to regulate the country’s exchanges that aim to combat terrorism, money laundering, and protecting consumers.
2021-1-6 05:30 | |
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Naci Agbal, the governor of Turkey’s central bank, recently revealed that the country plans to pilot a previously unknown cryptocurrency as early as in the second half of 2021. The governor disclosed this while addressing the members of the parliament yesterday, December 25th.
2020-12-26 17:21 | |
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Rather than raise taxes, Thailand’s Excise Department is looking to adopt blockchain technology for improved tax collection. The move is part of plans to enhance Thailand’s internally generated revenue (IGR) metrics as the country moves towards more sustained economic recovery.
2020-12-8 00:00 | |
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The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.
2020-12-6 18:07 | |
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The largest bank in Russia, the state-owned Sberbank, has reportedly unveiled its crypto plans as the country is set to begin regulating the industry in January. Sberbank’s CEO says the bank may issue its own cryptocurrency in collaboration with JPMorgan.
2020-12-2 03:15 | |
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South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021.
2020-11-25 13:20 | |
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Another day of bullish market, another bitcoin (BTC) first in the world. DAiM Unveils BTC-Based Employer-Sponsored 401k Retirement Plans In yet another development showcasing the steady adoption of the premier cryptocurrency, US-based asset management firm DAiM recently announced the launch of the country’s first employer-sponsored retirement plans that support BTC investments.
2020-11-21 04:00 | |
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State-owned BelarusBank, the largest bank in Belarus, recently announced its plans to roll out a crypto exchange service. The service, once launched, will enable customers in the country and neighboring Russia to purchase and sell cryptocurrencies via Visa payment cards.
2020-11-14 12:22 | |
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According to the country's central bank governor, Riad Salameh, Lebanon is set to debut its own Central Bank Digital Currency (CBDC) in 2021. Bloomberg, which reported on this development, cited a Lebanese state-run News Agency, noting that the Mediterranean island plans to make the paradigm shift due to transitioning to cashless networks and restoring confidence […] The post Lebanon to Launch a CBDC in 2021 to Boost Confidence In the Country’s Banking Sector first appeared on BitcoinExchangeGuide.
2020-11-12 22:35 | |
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Lebanese central bank has concluded plans to roll out its digital currency next year. The country’s central bank will become the latest monetary regulator to make a move towards the launch of a central bank digital currency (CBDC).
2020-11-11 16:06 | |
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Brazil's Economy Minister recently spoke during the celebration of the Caixa Economica Federal's 100 millionth digital savings account, and he used the opportunity to announce Brazil's own CBDC.
2020-11-7 00:52 | |
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The governor of the Bank of Canada (BoC) has announced that his country’s digital currency initiative is making progress. In an interview with Reuters published on Wednesday, October 28, chief of the Canadian central bank, Tiff Macklem, said the BoC is working with some G7 member states on its plans for a national digital currency.
2020-10-30 19:00 | |
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RippleNet member Sentbe from South Korea has announced its plans to become the first neo bank in the country and to expand globally, including to the US and Canada
2020-10-28 16:42 | |
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Japan is playing catch up to China’s CBDC plans, Kenji Okamura, vice-finance minister for international affairs, said in an online seminar on Friday, as Reuters reported. Speaking on the dangers of being left behind by the largest Asian economy in digital currencies, Okamura called for the country to move towards developing its own digital yen.
2020-10-9 17:44 | |
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XRP is giving signs of a significant price rebound as its backer, Ripple Labs, said that it plans to move out of the US. The San Francisco-based blockchain company iterated via its co-founder Chris Larsen that it may shift to a crypto-friendly country – the UK, Switzerland, Japan, or Singapore – because of America’s enforcement-focused […]
2020-10-9 16:00 | |
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India is about introducing a new law that will ban cryptocurrency trades in the country. This will be going out of place with other Asian countries who have decided to keep the market but provide a regulatory framework instead.
2020-9-17 17:24 | |
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The Central Bank of Bahamas has put plans in place to roll out its digital currency across the country. With this plan fully set, the Bahamas will be aiming to be the first country in the world to have a state-backed e-currency.
2020-9-16 12:22 | |
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Russia has had a lot of interactions with crypto and blockchain industries in the last few years. Less than a year ago, the reports revealed that the country plans to use blockchain for selling diamonds.
2020-8-28 13:22 | |
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Coinspeaker China Plans to Use Its Digital Yuan During 2022 Winter Olympic GamesAs China expands its pilot testing, the country plans to launch its digital yuan for use before the 2022 Winter Olympic Games.
2020-8-26 15:24 | |
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Crypto businesses in the UK are set to come under even greater scrutiny based on new plans by regulators in the country. The Financial Conduct Authority (FCA) continues to mandate strict compliance with financial laws for all cryptocurrency activities in the UK.
2020-8-26 23:00 | |
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Ever since China has announced its CBDC, the world has been keeping a close eye on the country’s updates regarding the coin. There is still no news regarding the exact launch date, however, China did reveal one thing, and that is that it plans to use its CBDC during the Winter Olympic Games in 2022.
2020-8-26 14:01 | |
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China’s accelerated central bank digital currency (CBDC) plans are set to reach another milestone with tests scheduled for Beijing and 27 cities in the country. These new digital currency electronic payment (DCEP) trials will join other public pilots already ongoing in cities like Shenzhen and Suzhou.
2020-8-15 17:34 | |
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Russian billionaire, Pavel Durov, released his official note on U.S. President Trump’s latest calls to ban Chinese affiliated social media app, TikTok, from the country. The Telegram CEO says the act of banning the social app, with over 800 million users, will set a precedent that may end up killing the internet. China has been […]
2020-8-6 15:25 | |
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Israel’s Tel Aviv Stock Exchange (TASE) announced on Tuesday plans to launch the first-ever of a centralized securities lending platform based on blockchain technology in the country. Back in 2018, BEG reported the stock exchange entered into a partnership with Accenture, Hyperledger, and Intel to launch the securities lending platform in a bid to improve […]
2020-7-29 18:58 | |
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Coinspeaker Bank of Japan Announced New Team to Continue Research on CBDC but Has No Plans to Launch It NowMasayoshi Amamiya, the Bank of Japan executive governor, said that a CBDC may play a central role in interoperability between many emerging digital assets in the country.
2020-7-21 17:26 | |
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Thailand’s central bank in partnership with SCG — one of the country’s largest conglomerates — is set to run a pilot test for a central bank digital currency (CBDC). Thailand Moving Forward with Digital Currency Plans According to the Bangkok Post, SCG has signed a memorandum of understanding (MoU) with the Bank of Thailand (BOT),Read MoreRead More.
2020-6-20 17:07 | |
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The country’s main electricity producer has issued a general invite for Bitcoin miners looking to take advantage of its renewable energy facility near the capital, Nairobi.